Johnson Matthey to Buy Catalyst Maker Argillon

3:43 AM MST | December 10, 2007 | Kerri Walsh

Johnson Matthey says it has signed an agreement to buy catalysts company Argillon Group (Redwitz, Germany) for â‚¬214 million ($313.8 million) in cash from Ceramics Luxembourg, a company owned by private equity firm KKR. Argillon has leading catalyst technology used to control nitrogen oxide (NOx) emissions, which will expand Johnson Mattheyâ€™s existing product line, the company says. Argillonâ€™s products include catalysts for heavy and medium duty diesel vehicles; stationary diesel engines; marine applications; and coal, oil, and gas fired turbines in power...